LIFX, a Kickstarter-funded smartbulb, is a WiFi enabled, multicolor, energy efficient LED light bulb that you can control with your iPhone or Android. According to its inventors, the LIFX reduces energy costs, can last up to 25 years, and set-up is as easy as replacing your existing bulbs with LIFX smartbulbs and downloading a free app.

The Kickstarter project, which launched September 15th and is already fully funded, has 8,843 backers with a total of $1,312,576 raised (well above its original goal). While the pledges are sold out, you can still back the project here and register here to receive a notification when the LIFX is available for purchase.

While its efficiency is a definite advantage, and the ability to change the color of the bulb to match your mood is cool, its ability to slowly turn on (think natural alarm clock) or dim (think night-light for kids) interest me most. Ultimately, however, I am eager to see exactly how much one of these smartbulbs will set me back.

For all the details, a list of its features and a video demonstration visit the LIFX Kickstarter page here.